SEC Division Overseeing Private Credit Firms Lost 24% of Staff

The SEC announced new insider-trading rules last month targeting executives of non-US companies who buy or sell their firms' stock, expanding U.S. oversight of cross-border insider transactions. The rule change raises compliance and disclosure requirements for affected foreign-company executives and is likely to prompt policy and trading-practice updates by issuers, executives and broker-dealers.

Analysis

The SEC announced new insider-trading rules last month targeting executives of non-US companies who buy or sell their firms' stock, expanding U.S. oversight of cross-border insider transactions. The rule change raises compliance and disclosure requirements for affected foreign-company executives and is likely to prompt policy and trading-practice updates by issuers, executives and broker-dealers.